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Private property may be sold in a public auction for a number of reasons. It may be seized through a governmental process to satisfy a judgment rendered by a court or agency, or to liquidate a mortgage foreclosure, tax lien, or tax sale. Usually, prices obtained at a public auction to satisfy a judgment are distressed – that is, they are much ...
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
In 2015, IRS agents seized the entire inventory of Mii’s Bridal & Tuxedo — wedding gowns, tuxedos, sewing machines and all — to pay off $31,400 the owners owed in back taxes.
Properties that can be confiscated include real estate property such as a house or motel, cars, cash, jewelry, boats, and almost anything [15] suspected of being related to the manufacture and sale and transportation of illegal controlled substances, such as: controlled substances [22] raw materials needed to make them [22] containers to hold ...
Check out some of the wildest -- and most awesome -- assets the IRS has seized and sold.
On April 17, 2014, the State of Texas seized the YFZ Ranch, a one time Fundamentalist Church of Jesus Christ of Latter-Day Saints (FLDS) community that housed as many as 700 people when it was raided by Texas on March 29, 2008. [34] [35] Under Texas law, authorities can seize property that was used to commit or facilitate certain criminal conduct.
Check out some of the wildest -- and most awesome -- assets the IRS has seized and sold. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
Your savings, wages, assets and property are all subject to seizure by the government — and if that happens, your belongings will be sold to the highest bidder. Be Prepared: All the New Numbers